It looks like it works quite well actually.
Now, as a newer-newbie, I would've seen how perfect the picks of tops & bottoms looked, and ignored the drawdowns needed to weather the trades shown. I've learned my lesson since those days & have given it further scrutiny.
With the yellow trendline, I mapped out exactly where the ACTUAL entries/exits would be on the candle following the signal that's candle has closed. I found one losing trade (1st one on the chart...) Over one month it's seemed to generate just shy of 4000 pips.
Maximum drawdown seemed to be apx 100-200 pips each directional switch.
Would love feedback on how this looks. The more eyes the better. If anyone gets a different figure, I'd love to hear.
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...observed the indicator live for a week. The lag on the dots makes it ineffective. Had the dots appeared upon candle close it could be very profitable, however they tend to lag about three candles behind. Most people could make a call long before that using just their eyes. C'est la vie!
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